Solution of Q 20 Bank Reconciliation Statement TS Grewal Class 11 (2023-24) CBSE
Step-by-step solution of Question 20, Chapter 13 Bank Reconciliation Statement, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.
Question 20
Overdraft balance shown by the bank column in the Cash Book of Vivek is ₹ 45,000. Prepare Bank Reconciliation Statement as on 31st December, 2017:
- (i) A post-dated cheque of ₹ 5,000 previously discounted with the bank had been dishonoured and debited in the Pass Book.
- (ii) Interest on investment collected by the bank and credited in the Pass Book ₹ 1,500.
- (iii) Cheques deposited into bank but not yet collected ₹ 7,500.
- (iv) Interest charged by the bank on overdraft balance ₹ 1,850.
- (v) Cheques issued but not yet presented for payment ₹ 11,350.
- (vi) Received a payment directly from a customer into bank account ₹ 12,500.
- (vii) Cheques recorded in the Cash Book but not sent to the bank for collection was ₹ 17,500.
- (viii) Bank charges debited as per Pass Book ₹ 500.
Solution
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About this solution
This is Chapter 13 Bank Reconciliation Statement of TS Grewal Edition 2023-24.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
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